#Industrial and Institutional Cleaning Chemicals Market Share

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Industrial and Institutional Cleaning Chemicals Market: A Deep Dive into Cleaning Industry Applications

The global Industrial and Institutional Cleaning Chemicals Market is a dynamic and ever-evolving sector that plays a pivotal role in maintaining hygiene and cleanliness across various industries and institutions. From manufacturing plants to hospitals, schools, and commercial spaces, cleaning chemicals are essential for ensuring a safe and sanitized environment. In this article, we will delve into the key factors driving the growth of this market, the challenges it faces, and its future prospects.

Market Overview

The Industrial and Institutional (I&I) cleaning chemicals market comprises a wide range of products designed for cleaning and disinfecting applications in non-residential settings. These chemicals are formulated to meet the specific cleaning needs of various industries and institutions, including healthcare, food service, manufacturing, hospitality, and education, among others.

Key Factors Driving Market Growth

Stringent Regulatory Requirements: Increasing regulatory requirements for hygiene and cleanliness in industrial and institutional settings have been a significant driver for the I&I cleaning chemicals market. Government agencies and health organizations worldwide have imposed strict guidelines and standards for cleanliness, especially in healthcare facilities and food processing plants.

Growing Awareness of Health and Hygiene: The COVID-19 pandemic has heightened awareness about the importance of cleanliness and hygiene. This has led to increased demand for disinfecting products and cleaning chemicals across various industries and institutions to reduce the risk of infection.

Advancements in Formulations: Manufacturers in the I&I cleaning chemicals market have been continuously innovating to develop more effective and environmentally friendly cleaning solutions. This includes the development of eco-friendly and sustainable cleaning chemicals that minimize environmental impact.

Increased Focus on Food Safety: The food service industry, including restaurants, hotels, and catering services, places a strong emphasis on food safety and sanitation. This has driven the demand for cleaning chemicals that can effectively eliminate bacteria and pathogens in food preparation and handling areas.

Challenges in the Market

While the I&I cleaning chemicals market is experiencing growth, it also faces several challenges:

Environmental Concerns: The use of certain chemicals in cleaning products can have adverse environmental impacts. There is increasing pressure on manufacturers to develop more sustainable and biodegradable formulations to address these concerns.

Cost and Price Volatility: The cost of raw materials for cleaning chemicals can be volatile, impacting the pricing of finished products. This can be a challenge for both manufacturers and end-users, especially during economic downturns.

Regulatory Compliance: Keeping up with evolving regulations and ensuring compliance can be challenging for manufacturers. Non-compliance can lead to fines and damage to a company's reputation.

Competition: The I&I cleaning chemicals market is highly competitive, with numerous players vying for market share. This can lead to price wars and margin pressures for manufacturers.

Future Prospects

The Industrial and Institutional Cleaning Chemicals Market is expected to continue its growth trajectory in the coming years. Several factors contribute to its promising future:

Technological Advancements: Ongoing research and development efforts are likely to result in the creation of more effective and sustainable cleaning chemicals, meeting the increasing demand for eco-friendly solutions.

Emerging Markets: As economies in Asia, Latin America, and Africa continue to develop, the demand for I&I cleaning chemicals in these regions is expected to rise significantly.

Healthcare Industry Growth: With an aging population and increasing healthcare awareness, the healthcare sector is expected to be a major driver of market growth, particularly in infection control and prevention.

Pandemic Preparedness: The COVID-19 pandemic has highlighted the need for robust cleaning and disinfection protocols. Institutions and industries are likely to continue investing in cleaning chemicals and sanitation measures to prepare for future health crises.

Conclusion

The Industrial and Institutional Cleaning Chemicals Market demand plays a vital role in ensuring cleanliness, hygiene, and safety in various non-residential settings. Despite challenges such as environmental concerns and regulatory compliance, the market is expected to continue its growth trajectory driven by stringent regulations, increasing awareness of health and hygiene, and technological advancements. As the world becomes more conscious of the importance of cleanliness, the demand for effective and sustainable cleaning solutions is likely to remain strong, making the I&I cleaning chemicals market an essential and thriving industry.

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Industrial And Institutional Cleaning Chemicals Market Segmented On The Basis Of Raw Material, Product, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 16 June 2023: The Report Industrial And Institutional Cleaning Chemicals Market Size, Share & Trends Analysis Report By Raw Material (Chlor-alkali, Surfactants), By Product, By End-Use, By Region, And Segment Forecasts, 2023 – 2030 The global industrial and institutional cleaning chemicals market size is expected to reach USD 128.0 billion by 2030, registering a CAGR of 8.0%…

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Magnetic Beads Market Outlook: World Approaching Demand & Growth Prospect 2022-2027

Global Magnetic Beads Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include Thermo Fisher Scientific Inc (United States),Merck KGaA, Darmstadt (Germany),Polysciences, Inc. (United States),Qiagen (Germany),MagQu Co. Ltd. (Taiwan),FUJIFILM Wako Pure Chemical Corporation (Japan),Takara Bio Inc. (Japan),Spherotech Inc (United States),Cube Biotech GmbH (Germany),Lab on a Bead AB (Sweden)

Magnetic beads & particles are used as carriers of antibodies, antigens, catalyzers, proteins as well as nucleic acids, allowing action on viruses, cells, bacteria, & other biological entities. Magnetic beads are an ultimate tool for immobilizing molecules such as proteins or nucleic acids on a solid phase. They can be additionally used in many applications. This magnetic bead separation process is an efficient, rapid, clean which many scientists are using to substitute centrifugation, filtration, as well as separation techniques. These are used for immunoprecipitation applications. These ensure the rapid & reproducible isolation of proteins. Market Drivers Growing Number of Life Sciences Research Activities

Rising Need to Identify Antigens That Are Related With Autoimmune Diseases

High Demand in The Biopharmaceuticals Field Involving The Application, Opportunities For New Innovation in The Field of Life Science

Opportunities Growing Genomics & Proteomics Research with the Increasing Adoption of Immunoprecipitation in the Coming Years

Growing Funding for Cell Based R&D by Government and Biotechnology companies

Challenges Quality Concerns over Research Antibodies

The Magnetic Beads market study is being classified by Application (Human Cell Separation, Animal cell separation (clinical study), Secondary cell separation), End Users (Healthcare Facilities (Hospitals, Clinics, and Others), Individual Pathology Labs, Research Institutes, Others), Magnetic Beads Size (Small beads (1-10 µm), Medium beads (20-40 µm), Large beads (70-120 µm)), Isolation Technique (Positive, Negative, Others (Depletion, and Others)) Presented By

AMA Research & Media LLP

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Point-Of-Use Water Treatment System Market - Forecast(2024 - 2030)

Point-of-Use Water Treatment Systems Market Overview:

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Point-of-Use Water Treatment Systems Market Outlook:

According to an IndustryArc report, Point-of-Use Water Treatment Systems market was valuated at $9.5 billion in 2015 and is expected to reach $15.6 billion by 2022. Water purification has become the need of the hour as UN records more than 4 billion cases of diarrhea every year due with the major cause being water contamination. Health institutes, public organizations, governments and NGOs have been aggressive in promoting many of these water treatment systems particularly in the developing countries where access to safe drinking water is limited or scarce.

Point-of-Use Water Treatment Systems Market Growth drivers:

One of the major growth contributors to the Point-of-Use Water Treatment Systems market is the growing human population especially in the developing countries with a current population of 7.6 billion. It is expected to rise to 8.6 billion in 2030. This exponential growth will surely trigger a rise in demand for Point-of-Use Water Treatment Systems as natural resources such as clean water become scarcer.

Innovative, sustainable and energy efficient water treatment technologies are being innovated almost daily due to the immensely high demand for safe and pure drinking water. Nanotechnology based solutions, UV and UF treatment combinations, organic and biodegradable filtering solutions are some of the key innovations been developed. Furthermore, the lack of access to safe drinking water is a global issue that affects all humanity and thus this triggered a global participation in developing newer treatment technologies that is affordable to the common man especially in the developing countries.

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Point-of-Use Water Treatment Systems Market Challenges:

The prime challenge faced by the Point-of-Use Water Treatment Systems market is the varying quality of water available across a wide geographical area. The chemical and physical properties of water differ from place to place, such as heavy metal contamination, hard and soft water, etc. This means key players need to design either universal water treatment solution or particular treatment solutions targeting particular geographical areas.

Point-of-Use Water Treatment Systems Market Research Scope:

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Point-of-Use Water Treatment Systems market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the Point-of-Use Water Treatment Systems market, and their specific applications in different types of vehicles.

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Point-of-Use Water Treatment Systems Market Report: Industry Coverage

Point-of-Use Water Treatment Systems– By Technology: Filtration Methods, Reverse Osmosis Systems, Distillation Systems, etc

Point-of-Use Water Treatment Systems– By Design: Personal water bottle with filter, Pour through filter with pitcher, Faucet Mounted Filter with diverter, etc

Point-of-Use Water Treatment Systems– By Applicable Standards: NSF International, ANSI (American National Standards Institute), US EPA (Environmental Protection Agency), JWPA (Japan Water Purifier Association), etc

Point-of-Use Water Treatment Systems– By End User: Residential and Non-Residential

The Point-of-Use Water Treatment Systems market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

North America: The U.S., Canada, Mexico

South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

Middle East and Africa: Israel, South Africa, Saudi Arabia

Point-of-Use Water Treatment Systems Market Key Players Perspective:

Some of the Key players in this market that have been studied for this report include: CP Kelco Oil Field Group, Huntsman Corporation, Croda International PLC, Weatherford International, Stepan Company, Enviro Fluid, Rimpro-India, Evonik Industries AG, Flotek Industries and others

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Market Research and Market Trends of Point-of-Use Water Treatment Systems Market

Researchers at the Yale University have developed a nanocoagulant material for the treatment of water contaminants. This new nanotechnology based water treatment system was inspired by the sea organism named, Actinia that captures its prey using its tentacles. This treatment method is highly novel, as it significantly removes contaminants in a single coagulative action, without the need for multiple treatment processes. Creating an efficient and easy-to-operate technology to remove all contaminants from water is key to addressing global water scarcity.

Based on World Health Organization, there are an estimated 1.7 billion cases of childhood diarrhoeal disease every year as a result of lack of safe drinking water and sanitation. Researchers in India have recently come up with a solution to this problem with a water treatment system using nanotechnology. This water treatment technology uses composite nanoparticles that emit silver ions which result in destroying contaminants. The researchers claim that this kind of water treatment systems using nanotechnology, will have a vital role in the future water treatment system market.

Havells India recently entered the Point-of-Use Water Treatment Systems market, with one of its key products named Havells Max 100% RO & UV. This new product claims to include 7 purification segments including UV and RO treatment processes. As new players enter the water purification market segment in developing countries like India confirms the theory that increasing urbanization pan India, would lead to an increase in demand for Point-of-Use Water Treatment Systems in the future.

Fairey Industrial Ceramics Limited trading as Doulton Water Filters.

More about Point-of-Use Water Treatment Systems Market Click here

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Alcohol Ethoxylates Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The alcohol ethoxylates global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Alcohol Ethoxylates Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The alcohol ethoxylates market size has grown strongly in recent years. It will grow from $6.34 billion in 2023 to $6.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to growing demand in cleaning products, surfactant applications, versatility in formulations, industrial & institutional cleaning, textile processing demand.

The alcohol ethoxylates market size is expected to see strong growth in the next few years. It will grow to $8.26 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to rising demand in cleaning products, diverse surfactant applications, versatile formulations, textile processing growth, agricultural sector demand. Major trends in the forecast period include health and safety awareness, customization and tailored solutions, cost-effectiveness and performance, preference for biodegradable solutions, global market expansion.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers - An increase in demand from the oil and gas industry is expected to boost the growth of the alcohol ethoxylates market going forward. Oil and gas refer to the industry that deals with the process of exploration, extraction, refining, transportation, and marketing of petroleum products. Rising demand for alcohol ethoxylates from the oil and gas industry due to the strong stabilizing capabilities of oil-water emulsions is one important factor projected to push the expansion of the global market for alcohol ethoxylates. For instance, according to the report published by International Energy Agency (IEA), a France-based inter-governmental organization, in 2021, global oil consumption is anticipated to increase by 4.4 mb/d (millions of barrels per day) to 104.1 mb/d by 2026. Therefore, an increase in demand from the oil and gas industry is driving the growth of the alcohol ethoxylates market.

Market Trends - The development of eco-friendly products is a key trend gaining popularity in the alcohol ethoxylates market. Major players operating in alcohol ethoxylates are concentrating their efforts on creating innovative biodegradable products to sustain their position in the market. For instance, in June 2022, Solvay S.A., a Belgium-based company specializing in the manufacturing of chemicals, polymers, and composites launched Mirasoft SL L60, and Mirasoft SL A60. Both these products are biobased substances produced using a fermentation process from rapeseed oil and sugar to offer biodegradable products. These two glycolipid biosurfactants are designed to reduce carbon footprint and are used in a variety of beauty care products such as creams, face cleansers, shower gels, and shampoos, and have less harmful effects than synthetic beauty products.

The alcohol ethoxylates market covered in this report is segmented –

1) By Product: Fatty Alcohol Ethoxylates, Lauryl Alcohol Ethoxylates, Linear Alcohol Ethoxylates, Other Products 2) By Source: Natural, Synthetic 3) By Application: Emulsifier, Dispersing Agent, Wetting Agent, Other Applications 4) By End-Use: Cleaning, Metal Working, Textile Processing, Paper Processing, Agrochemicals, Pharmaceuticals, Other End-users

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Regional Insights - Asia-Pacific was the largest region in the alcohol ethoxylates market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the alcohol ethoxylates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the alcohol ethoxylates market report are Shell plc, Sasol Limited, Clariant AG, BASF SE, Saudi Basic Industries Corporation, Evonik Industries AG, Dow Chemical Company, Huntsman Corporation, India Glycols Limited, Mitsui Chemicals Inc., Solvay SA, Stepan Company, ChemPoint.com Inc., Venus Ethoxyethers Pvt. Ltd., Oxiteno SA, Enaspol Inc., Helm AG, Nouryon BV, INEOS Group Limited, AkzoNobel N.V., Procter & Gamble Co., Kemipex, Saibaba Surfactants Pvt. Ltd., Geo Specialty Chemicals Inc., Kuala Lumpur Kepong Berhad group, Kao Corporation, Croda International Plc, Galaxy Surfactants Ltd., Unger Fabrikker AS, Lion Corporation, PCC Chemax Inc., Sasol Germany GmbH, Unilever plc

Table of Contents 1. Executive Summary 2. Alcohol Ethoxylates Market Report Structure 3. Alcohol Ethoxylates Market Trends And Strategies 4. Alcohol Ethoxylates Market – Macro Economic Scenario 5. Alcohol Ethoxylates Market Size And Growth ….. 27. Alcohol Ethoxylates Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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Surface Disinfectant Market Opportunities, Segmentation and Forecast Report 2024 - 2030

The global surface disinfectant market size was valued at USD 5.85 billion in 2023 and is expecte to grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2030. The growth is attributed to several factors such as changing lifestyles in developing economies and the rising awareness among livestock farmers concerning animal diseases and disinfections in livestock farms.

There has been a significant rise in demand for cleaning products, sanitizers, and disinfectants as surface disinfectant market is experiencing a resurgence globally, fueled by a heightened awareness of hygiene and sanitation post-pandemic. This has led to a surge in demand for products that combat germs and viruses on surfaces and positively impacted market growth.

The raw materials used in the production of surface disinfectants are primarily the by-products of the petroleum sector. Local manufacturers in the developed economies of Europe, North America, and China mainly source these raw material ingredients. Recently, the industry observed a shift in the trend toward the usage of biodegradable surface disinfectants for preventing chemical-related toxicity. The raw materials required for biodegradable surface disinfectants are cheaper in comparison to chemicals and are easily available. As a result, bio-based surface disinfectant demand is expected to overtake conventional petroleum-based surface disinfectants in the coming future.

Gather more insights about the market drivers, restrains and growth of the Surface Disinfectant Market

Surface Disinfectant Market Report Highlights

• Liquid form dominated the global surface disinfectants market with a high revenue share of more than 62.0% in 2023

• In house application dominated the surface disinfectant market with a revenue share of over 68.0% in 2023

• Hotel/restaurants/cafe end-use is anticipated to register the fastest CAGR of approximately 8.2% owing to rising demand for the product for time-to-time cleaning and disinfecting activities carried out the restaurants, hotels, and cafes

• Biobased products are estimated to be the fastest growing types with a CAGR of 13.3%, owing to the growing awareness among the people about the toxicity and environmental hazards of chemical-based products as well as the availability of more eco-friendly substitute

Browse through Grand View Research's Disinfectants & Preservatives Industry Research Reports.

• The caustic soda market size was valued at USD 45.7 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.

• The global propionic acid market size was valued at USD 1.11 billion in 2023 and is projected to grow at a CAGR of 3.4% from 2024 to 2030. 

Surface Disinfectant Market Segmentation

Grand View Research has segmented the global surface disinfectant market based on composition, form, application, end-use, and region:

Surface Disinfectants Composition Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Chemical

o Alcohol

o Ammonium Compounds

o Oxidizing Agents

o Phenolics

o Aldehydes

o Others

• Biobased

Surface Disinfectants Form Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Liquid

• Wipes

• Sprays

Surface Disinfectants Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• In House

• Instruments

• Others

Surface Disinfectants End-use Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Hospitals

• Laboratories

• Households

• Hotel/Restaurants/Cafes

• Educational Institutes

• Malls

• Railways

• Airports

• Food Processing Industries

• Others

Surface Disinfectants Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o U.K.

o France

o Spain

o Italy

• Asia Pacific

o China

o India

o Japan

o Australia

• Latin America

o Brazil

o Mexico

• Middle East & Africa

o GCC Countries

o South Africa

Order a free sample PDF of the Surface Disinfectant Market Intelligence Study, published by Grand View Research.

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Janitorial Supplies Products: Understanding Size, Share, and Growth Trajectories

The global janitorial supplies market size is expected to reach USD 94.48 billion by 2030, growing at a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for janitorial supplies is primarily driven by the increasing emphasis on cleanliness, hygiene, and sanitation across various sectors. This trend has been significantly amplified by global health events, such as the COVID-19 pandemic, which have heightened awareness of the importance of maintaining clean environments to prevent the spread of diseases. As a result, businesses, institutions, and public facilities have implemented more rigorous cleaning protocols, driving up the demand for a wide range of janitorial products.

Stringent regulations regarding workplace safety and hygiene standards across industries such as healthcare, food service, and hospitality contribute to the consistent demand for high-quality janitorial supplies. The hospitality and tourism sector, in particular, requires a constant supply of cleaning products to maintain high standards of cleanliness, which is crucial for customer satisfaction and regulatory compliance, likely driving the demand for janitorial supplies.

In commercial sectors, particularly in industries like hospitality, healthcare, and education, the demand for janitorial supplies is driven by regulatory standards, health and safety protocols, and the need to maintain a clean and presentable environment for customers, patients, or students. Large-scale facilities require industrial-grade cleaning tools such as floor scrubbers, carpet cleaners, and commercial disinfectants to uphold hygiene standards and ensure compliance with health regulations. Moreover, the emphasis on sustainability and environmentally friendly practices has spurred the development of eco-friendly cleaning solutions.

Furthermore, the increasing number of commercial settings, such as office buildings, healthcare facilities, educational institutions, and hospitality establishments, significantly drives the market. The commercial spaces expand in number and size, there is a corresponding rise in the demand for janitorial supplies to maintain cleanliness and hygiene standards. This includes a variety of cleaning tools, equipment, and chemicals necessary for daily maintenance tasks. Moreover, the diverse nature of commercial settings necessitates specialized janitorial supplies tailored to specific cleaning requirements. For instance, healthcare facilities require disinfectants and sanitizers that meet stringent regulatory standards to prevent the spread of infections. Similarly, hotels and restaurants require cleaning solutions that ensure both cleanliness and aesthetic appeal to enhance customer experience.

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Janitorial Supplies Market Report Highlights

Based on product, the demand for cleaning tools is expected to witness significant growth over the forecast period. The demand for cleaning tools among consumers is primarily driven by the desire for efficient and effective home maintenance, coupled with an increasing awareness of the importance of hygiene and cleanliness in personal living spaces

Based on end use, the commercial segment dominated the market in 2023. The rise in awareness across various industries including corporate and government offices regarding the impacts of cleanliness on their brand image, customer satisfaction, and employee productivity, leading to increased investment in high-quality cleaning products and chemicals

Asia Pacific is expected to grow at a significant growth rate over the forecast period. The expansion of commercial and institutional sectors, coupled with stricter cleanliness standards in the wake of global health events, has significantly boosted the need for professional cleaning products and services across the region

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We have segmented the global janitorial supplies market based on product, end-use, and region.

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Industrial and Institutional Cleaning Chemicals Market –Industry Analysis and Forecast (2024-2030)

Industrial and Institutional Cleaning Chemicals Market size was valued at US$ 57.15 Bn in 2023 and the total revenue is expected to grow at 4.5% through 2024 to 2030, reaching nearly US$ 77.77 Bn. by 2030.North America held the largest market share of more than 34.9 in 2021 in terms of value.

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Detergent Chemicals Market Poised to Grow Owing to Growing Demand from Household Care Products

Detergent chemicals are widely used as surfactants in cleaning products such as laundry detergents, dishwashing liquids, soap bars, and other household care products. The demand for detergent chemicals is driven by growing population and urbanization which is increasing the demand for cleaning products. Manufacturers of detergent chemicals are introducing bio-based and naturally derived ingredients to fulfill the growing demand for sustainable products from consumers.

The Detergent Chemicals Market is estimated to be valued at USD 70.11 Bn in 2024 and is expected to reach USD 125.72 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031. Key Takeaways

Key players operating in the detergent chemicals market are BASF SE, The Dow Chemical Company, Huntsman International LLC, Nouryon, Croda International plc, Solvay S.A., Clariant AG, Galaxy surfactants, Vizag chemical, Mahaveer Surfactants Private Limited, Matangi Industries, Godrej Industries Limited, Ultramarine & Pigments Ltd, Narendra Surfactant & Speciality Chemicals Pvt. Ltd., Ultreze Enzymes Pvt Ltd, Infinita Biotech, and Antozyme Biotech Pvt Ltd.

Major manufacturers are focusing on capacity expansion plans to capitalize on growing demand from emerging economies of Asia Pacific and South America. The key opportunities in the Detergent Chemicals Market Trends include development of bio-based surfactants using renewable raw materials and multifunctional surfactants catering to changing consumer preferences. Global expansion of major players through acquisitions and partnerships is also shaping the competitive landscape Market Drivers

Growing population and urbanization is the major driver boosting the demand for household cleaning products where detergent chemicals are key ingredients. Rise in disposable incomes in developing economies is enabling consumers to spend more on homecare products. Stringent regulations regarding use of phosphates in detergent formulations in Europe and North America is propelling product innovation towards phosphate-free ingredients. This is expected to create more opportunities for naturally derived and biodegradable surfactants in the coming years.

PEST Analysis

Political: The Detergent Chemicals Market Size And Trends is affected by various environmental regulations set by governing bodies across the globe to regulate the usage of chemicals and encourage sustainable production. Strict norms regarding waste water discharge and usage of phosphates can impact manufacturing operations.

Economic: Changes in the global and regional economic conditions influence the demand patterns for detergent chemicals from various end-use industries like home care, personal care, industrial and institutional cleaning etc. The spending power of consumers determines the sales of laundry and household cleaning products.

Social: Factors like increasing population, changing lifestyles, urbanization and modern retail are fueling the demand for laundry and cleaning products. Rising hygiene awareness is also driving the sale of formulated detergents.

Technological: Advancements in detergent formulations help manufacturers to develop products with improved cleaning efficacy using lower quantities. New technologies facilitate sustainable production, material conservation and waste reduction. Continuous research into green chemistry leads to eco-friendly detergent formulations. Geographical Regions of Concentration

The Asia Pacific region accounts for the largest market share in terms of value for detergent chemicals owing to high demand from China, India and other developing nations. Rapidly growing populations, improving economic conditions and changing lifestyles have boosted the sales of laundry and household cleaning products in Asia Pacific countries. North America and Europe are also major markets due to high per capita consumption of detergent formulations in countries like the United States, Germany, United Kingdom etc. However, the growth potential in developed markets is limited compared to developing regions of Asia Pacific and Latin America where rising affluence is driving heavy investments into the detergent industry.

Fastest Growing Region The developing regions like Asia Pacific, Latin America, Middle East and Africa are expected to witness the fastest growth in demand for detergent chemicals during the forecast period. Within Asia Pacific, the South East Asian countries such as India, Indonesia, Philippines etc. are likely to emerge as high growth markets due to surging demand for laundry products across domestic and commercial sectors. Latin America offers attractive prospects owing to favourable demographics and increasing penetration of branded detergents. Countries like Brazil, Mexico are registering robust sales of formulated detergents on the back of steady economic expansion. Improving standards of living and expanding population with higher disposable incomes make Africa and Middle East into lucrative regional markets with double digit growth projections for detergent chemicals over the next decade. Get More Insights On, Detergent Chemicals Market About Author: Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)

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EMEA Personal Care and Cleaning Chemicals Market - Forecast(2024 - 2030)

 Overview

EMEA personal care and cleaning chemicals market is forecast to reach $25 billion by 2024, after growing at a CAGR of 5% during 2019-2024. The growth of EMEA personal care and cleaning chemicals market is mainly driven the increasing initiatives by industry players to enhance the existing products through Research and Development (R&D). Apart from that, the growing demand for halal products, climate conditions, and growing population in Middle and Africa are also playing a pivotal role in supporting the growth of EMEA personal care and cleaning chemicals market.

Report Coverage

The report: “EMEA Personal Care and Cleaning Chemicals Market – Forecast (2019-2024)”, by IndustryARC, covers an in-depth analysis of the following segments of the EMEA Personal Care and Cleaning Chemicals Market.

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Key Takeaways

· Europe dominates the EMEA personal care and cleaning chemicals market. European cosmetics, especially the branded products with the designer labels, are considered as high-end products in the global market. The German personal care and cleaning chemicals market accounted for the highest revenue share in 2017.

· The increasing demand for personal care chemicals, supported by the rising consumer awareness towards ingredients and the rising middle class with higher disposable income, is fueling the demand for surfactants.

· The demand for cleaning products is mainly driven by the more demanding lifestyles of people that require cleaning products, which are efficient and requires less time to clean things.

Type - Segment Analysis

Surfactants hold the largest market share of the EMEA personal care and cleaning chemicals market in 2018, followed by esters segment; while mild surfactants are expected to witness the highest growth rate during the forecast period. The growing demand for personal care products, supported by increasing household disposable income, has played a significant role in increasing the demand for surfactants. The personal care industry use amphoteric surfactants owing to its mild and skin-friendly features. Further, in 2017, the Organization for Economic Co-operation and Development (OECD) reported a 3.5% year on year (y-o-y) growth in the European Union’s household disposable income.

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 Application- Segment Analysis

Cleaning segment held the largest share in EMEA personal care and cleaning chemicals market in 2018, followed by personal care segment; while the personal care segment is expected to witness the highest growth rate during the forecast period. The personal care industry will remain the most attractive market for Europe chemical manufacturers in the forecast period.

Consumers are getting more aware of the organic and natural care products, around 80% the demand from Spain is driven by natural products, which were not tested on animals. The growing consumer demand for organic and natural care products has actuated many industry players to change their planning their production and R&D activities per their customer’s viewpoint.

Geography - Segment Analysis

Europe dominated the EMEA personal care and cleaning chemicals market with a share of 80%, followed by the Middle East and Africa. The growth of personal care and cleaning chemicals market in the European market is mainly driven by growing domestic demand for personal care and cleaning products. In the last few years, Germany has emerged as a major market for cosmetics; while the UK held in the largest share in European sun care products.

In European cleanings products market, household cleaning chemicals held the largest share while Industrial & Institutional segment holds the remaining share. The demand for household cleaning chemicals is mostly driven by the growing utilization of laundry detergents in household laundry activities. The increasing adoption of automated washing machine has boosted the demand for laundry detergent in millions of households around Europe.

Owing to its large consumer base and steady beauty care market, Germany continues to dominate the European personal care and cleaning chemicals market. In 2017, Germany had around 82 million consumers that played a key role in supporting the growth of personal care and cleaning chemicals market. Further, in 2017, the German Cosmetic, Toiletry, Perfumery, and Detergent Association (IKW) reported a 0.5 % y-o-y growth for the beauty care market.

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 Drivers – EMEA Personal Care and Cleaning Chemicals

·         Product enhancement through R&D and focus on consumer safety in Europe cosmetic industry

The growing R&D investment mainly drives the cosmetics and personal care industry for product development and enhancement. In 2018, Cosmetic Europe reported that Europe has at least 77 innovation facilities that research cosmetics. Scientists in Europe are developing cosmetic products by reformulations and the adoption of modern procedures. European Scientists are using materials at a molecular level to develop whole new generation products, not only for cosmetic products such as sun creams but also medicines, electronics, and telecoms.

The European Union Cosmetics Regulation is another factor driving the market as it regulates the safety of cosmetics for consumers through rigorous science-based regulations. The European consumers are concerned about the quality, safety, and organic content in personal care products which has made the European Union Cosmetics Regulation body to draft the safety rules under Regulation (EC) No. 1223/2009 to fulfill the need and demand of consumer preference.

·         Demand for Halal products, climate conditions, and growing population in MEA region

The cosmetics industry in the Middle East and some part of the African region are focusing on producing Halal personal care products which meet the criteria according to the Islamic faith. The increase in population has escalated the demand for personal care products across the MEA region. With the growing population, more youngsters, including men and women’s are taking up personal care as their daily requirement, need to look better or beautiful.

The Halal products comply with the Islamic faith and reassure Muslim consumers that the products they use are natural, pure, and hygienically manufactured, and animal-cruelty free. The rise of halal category comes hand in hand with the rising segment of the young population keen to combine religious observance with an emphasis on fashion and beauty in the Middle East. Women who wear hijab often need targeted scalp care and hair products, and for men, beard oils and skin balm are popular.

The middle-class population in Africa has a triple fold in the last few decades, and modernization of many African countries has attracted the attention of big cosmetics groups to invest in personal care and cosmetic products.

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 Challenges – EMEA Personal Care and Cleaning Chemicals

·         Regulatory challenges from government regulation body

Various regulations related to the usage of certain chemicals in personal care and cleaning products has emerged as a significant challenges beauty industry in Europe, Middle East, and Africa. In Europe, the beauty industry is facing challenges with regulations related to harmonizing the interpretation of the procedure of banning Carcinogenic, mutagenic, reprotoxic (CMR) substances. The EU Cosmetics Regulation 1223/2009 contains provisions on the use of CMR in cosmetic products.

The regulatory standard gives assurance to the consumers that a product is safe and of good quality. In Africa, countries such as South Africa is generally a self-regulated, and firms are still required to comply with certain standards such as Good Manufacturing Practice (GMP), which is costly. Currently, South African Bureau of Standards (SABS) does not offer this service and firms can only opt to private testing making it relatively expensive, but these regulations are not necessarily prohibitive for smaller players looking to access the mass market which in thus raises the concern among consumers for homemade products.

The members of the Gulf Cooperation Council have sophisticated chemical control regulations throughout the Middle East. They have a strict policy towards the consumer goods in chemical and personal care industry following the international market standards which sets a regulatory barrier for local manufacturers to penetrate or come in the market without having accreditation from well known regulatory bodies cited according to international standards.

·         Economic stress and geopolitical tension in the MEA region

The growth in the region can be achieved directly when the region is stable from inside in terms of economic growth and per capita income. The personal care and cleaning chemicals industry’s sales growth rates in the Middle East and some part of Africa has been slow in few years as the region grapples with, international trade regulations and rising geopolitical tensions.

All these factors are directly affecting the buyers buying power as it is crippling the economy, which is affecting the per capita income of the region. Further, it is directly affecting the FDI in the country’s small macro industries for producing commodities according to international standards. A plunge in the Egyptian currency was seen, and Saudi Arabia has reduced dependency on government subsidies, hitting consumer spending.

The unbalance in some parts of African countries such as Zambia has seen a decrease in sustainable economic growth and employment creation, which has affected the spending capabilities of consumers.

South Africa has experienced a premature decline in employment rate and production of the commodity. According to Trade and Industrial Policy Strategies Forum 2017, trade data shows that there is a trade deficit of $536 million for cosmetics and $667 million for soaps and detergents in South African Development Community (SADC) region.

Market Landscape

Product launches, merger & acquisitions, and R&D activities are key strategies adopted by players in the EMEA personal care and cleaning chemicals. In 2018, the market of EMEA personal care and cleaning chemicals had been consolidated by the top five players accounting for xx% of the share. Major players in the EMEA personal care and cleaning chemicals are BASF SE, DowDuPont Inc., Solvay SA, Evonik Industries, AkzoNobel N.V., Symrise AG, Lanxess AG, and Ashland Global Holdings Inc. among others.

Product Launches/ Merger and Acquisition/Product Development

Ø In March 2017, Evonik acquired cosmetics specialist Dr. Straetmans GmbH of Hamburg, Germany. Dr. Straetmans GmbH specializes in developing and marketing alternative preservatives for the cosmetic industry. The move allows Evonik to complement the broad specialties portfolio of its cosmetics business and to further consolidate its position as a leading global partner for the cosmetics industry.

Ø In April 2017, Ashland launched personal care products that are designed to add significant value to industry-leading hair, face and body products. FiberHance bm builds core hair strength without compromising color; Antaron helps sunscreen formulations deliver SPF 50+ UV (ultraviolet) protection without greasiness; and Harmoniance, one of Ashland’s biofunctional products, helps users care for aging skin in multiple ways.

Ø In February 2018, Symrise developed the sensory ingredient for use in creams, gels, and balms and it is readily available to cosmetic formulators.

Ø In July 2018, Symrise launched a SymControl Care active ingredient product that regulates the skin’s sebum production and strengthens the skin barrier.

[spookysaladchaos]

Care Chemicals, Global Market Size Forecast, Top Ten Players Rank and Market Share

Care Chemicals Market Summary

Care chemicals are used in home care, personal care, and industrial and institutional cleaning products. Care chemicals such as cosmetics, cosmetic pigments, personal care ingredients, surfactants, etc. are used in skin care, hair care, cleaning and hygiene at home and in the workplace.

According to the new market research report "Global Care Chemicals Market Report 2023-2029", published by QYResearch, the global Care Chemicals market size is projected to grow from USD 25.91 billion in 2023 to USD 36.18 billion by 2029, at a CAGR of 4.4% during the forecast period.

Figure.   Global Care Chemicals Market Size (US$ Million), 2018-2029

Above data is based on report from QYResearch: Global Care Chemicals Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

Figure.   Global Care Chemicals Top Ten Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

Above data is based on report from QYResearch: Global Care Chemicals Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Care Chemicals include AkzoNobel, BASF, Dow Chemical, Solvay, Clariant, Ashland, Croda International, Evonik Industries, Gattefossé, Lonza Group, etc.

In 2022, the global top 10 players had a share approximately 28.71% in terms of revenue. Above figure shows the key players ranked by revenue in Care Chemicals.

Market Drivers: Growing awareness on the importance of hygiene, stringent regulatory standards, and growing focus on infection control since the COVID-19 epidemic have driven the personal and industrial cleaning chemicals market. Consumer service industries such as healthcare, hospitality, food processing and janitorial services rely heavily on these chemicals to maintain cleanliness and meet regulatory requirements.

Consumers' increasing concerns about skin care issues such as anti-aging, skin brightening, moisturizing and sun protection have also driven the demand for related active ingredient chemicals. The essence is the consumption upgrade caused by the increase in the purchasing power of cosmetics by the millennial generation. In addition, the aging of the population is also driving the market.

About The Authors

Analyst: Ran xinrong

Email: ranxinrong@qyresearch.com

Website:  www.qyresearch.com Hot Line:4006068865

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About QYResearch

QYResearch founded in California, USA in 2007. It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.

[chemicalsectorupdates]

Navigating Regulatory Frameworks in the Itaconic Acid Market

Itaconic Acid: A Versatile Platform Chemical for the Global Market Production and Applications of Itaconic Acid Itaconic acid is mainly produced through the fermentation process of certain fungi strains. Aspergillus itaconicus and Aspergillus terreus are the most commonly used fungal strains for industrial-scale production of itaconic acid through fermentation. The fermentation process involves growing the fungal culture in a growth medium containing various nutrients under controlled conditions. Glucose is predominantly used as the primary carbon source in the growth medium. After several days of fermentation, itaconic acid is extracted from the fermentation broth using various separation technologies. The global production of itaconic acid reached over 25,000 tons in 2021. China is currently the leading producer with over 60% share of global capacity. Other major producers include South Korea, Italy, Germany, and the United States. However, the demand is growing steadily at over 5% each year due to its wide range of applications. Major application areas of itaconic acid include polymers & resins, adhesives, sealants & coatings, and detergents & cleaners among others. Polymer and Resins Industry Remains Largest End-user The polymer and resins sector accounts for nearly 45% of the total itaconic acid consumption globally. Itaconic acid acts as an excellent comonomer for producing various specialty polymers like acrylic latexes, polyesters, and polyurethanes. It enhances various properties of polymers like adhesion, toughness, heat stability, and degradation resistance. Some key polymers where itaconic acid finds major usage include vinyl itaconate latexes, polyitaconates, and polyitaconate esters. Itaconic acid is also widely used in the production of unsaturated polyester resins (UPRs). As a co-monomer, it improves various properties of UPRs such as hydrolytic stability, weather resistance, and toughness. UPRs produced using itaconic acid exhibit superior water resistance, high strength, and resistance to cracking. They are extensively used in the manufacturing of fiberglass products, baths & showers, pipes & tanks, and other industrial applications. Adhesives Industry Offers Lucrative Opportunities The adhesives industry has emerged as another prominent end-user industry for itaconic acid, accounting for over 20% of global consumption. Itaconic acid acts both as a reactive diluent and co-monomer in improving the overall performance of adhesive formulations. When used as a co-monomer, it improves the adhesion strength of acrylic adhesives along with their heat resistance and aging properties. Detergents Industry Offers New Avenues for Growth Rising usage of itaconic acid as a co-monomer in the production of various detergent polymers is opening new growth areas. When copolymerized with acrylic acid, itaconate-based detergent polymers exhibit exceptional cleaning efficiency along with other properties like dispersibility and thickening ability. They are suitable for versatile applications in laundry detergents, automatic dishwasher detergents, industrial & institutional cleaners and hard surface cleaners. Regulatory Approvals and Capacity Expansions To tap growing opportunities, major itaconic acid producers are actively pursuing capacity expansions and new plant investments globally. In 2021, several large projects were announced in Asia and Europe expanding total annual capacity to beyond 50,000 tons by 2024. Besides, regulatory approvals are enabling new applications. Also, approval for usage in personal care products helped penetrate new markets. With its renewable and sustainable production via fermentation, itaconic acid is gaining preference over petrochemical-based alternatives. If favorable regulatory, economic and market conditions persist, analysts project global itaconic acid capacity to double and surpass 10 billion by 2030. The future certainly looks promising for itaconic acid to establish itself as a critical platform chemical globally.

[digitrenndsamr]

Unveiling Tomorrow's Energy Solution: Hydrogen Storage Market Insights

Hydrogen storage is a key enabling technology for the advancement of hydrogen and fuel cell technologies in applications including stationary power, portable power, and transportation. Hydrogen has the highest energy per mass of any fuel; however, its low ambient temperature density results in a low energy per unit volume, therefore requiring the development of advanced storage methods that have the potential for higher energy density. The hydrogen storage market was valued at $2.8 billion in 2022 and is estimated to reach $8.6 billion by 2032, growing at a CAGR of 12.7% from 2023 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/123264

Hydrogen storage system refers to the industry involved in the development, manufacture, and distribution of technologies and infrastructure required for the safe and efficient storage of hydrogen. Hydrogen storage systems play a critical role in enabling the utilization of hydrogen as an energy carrier for various applications. Hydrogen energy storage encompasses a range of storage technologies and solutions such as compressed gas storage, liquid storage, metal and chemical hydride storage, and solid-state storage.

The increase in the rate of adoption of hydrogen as a clean energy carrier and the need for efficient and reliable storage solutions are positively impacting the hydrogen storage system market development. The hydrogen storage system business includes various stakeholders, including technology providers, equipment manufacturers, infrastructure developers, research institutions, and government entities.

Hydrogen is a promising alternative to fossil fuels in numerous applications. Some of these applications are in the domain of hydrogen energy, and no other alternatives can compete with hydrogen, such as heavy and long-distance transport (e.g., heavy-duty trucks, ships, and planes), as well as energy-intensive manufacturing sectors (e.g., ferrous, and nonferrous metals, petroleum refining, chemicals, and cement).

𝐆𝐞𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-for-customization/123264

These sectors are difficult to electrify, and other alternatives (for instance bioenergy) that cannot cater to the demand with the current technology. Therefore, various industries have adopted hydrogen as a replacement for fossil fuels to decarbonize and meet the need for energy. This is estimated to offer significant hydrogen storage system market opportunities for vendors during the forecast period. Hydrogen energy is important for supporting energy security and renewable energy, zero-emission pathways, and economic growth.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Hydrogen Storage industry key market players adopt various strategies such as product launches, product development, collaboration, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

Worthington Industries Inc. inoxcva Air Liquide HBank Technologies Inc. Chart Industries, Inc. Pragma Industries Hexagon Composites ASA Steelhead Composites, Inc. Luxfer Holdings PLC Linde Plc

Hydrogen is an ideal option for an energy-intensive manufacturing sector, grid electrical supply, heavy and long-distance transport, and gas networks. Moreover, it is a key ingredient for producing chemicals. The usage of fossil fuels leads to carbon emissions; therefore, several industries are adopting hydrogen as an alternative to fossil fuels.

The transportation sector is a significant contributor to greenhouse gas emissions. Hydrogen fuel cells have gained attention as a zero-emission alternative for various modes of transportation, including cars, buses, trucks, and trains. Hydrogen storage systems enable the safe storage and efficient delivery of hydrogen to fuel cell vehicles, thereby boosting the adoption of this clean transportation solution. Analysis of the latest hydrogen storage system industry research report reveals that hydrogen fuel cell-powered electric vehicles have been gaining traction among automakers for the last few years. Advances in hydrogen fuel cell technology are expected to drive the development of hydrogen energy storage and the expansion of hydrogen storage infrastructure.

The hydrogen storage market is segmented into type, storage form, end-use industry, and region. Based on type, the market is categorized into cylinder, merchant, on-site, and on-board. Based on storage, the market is bifurcated into material-based hydrogen storage and physical hydrogen storage. Based on the end-use industry, the market is classified into chemical, oil refineries, automotive & transportation, metalworking, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/123264

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- By type, the cylinder segment is estimated to display the highest growth rate, in terms of revenue, from 2023 to 2032. - By storage, the physical segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 13.4% from 2023 to 2032. - By end-use industry, the chemical segment is estimated to display the highest growth rate, in terms of revenue, from 2023 to 2032. - By region, Asia-Pacific garnered the highest share of more than 40% in 2022, in terms of revenue.

𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝟏. 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.co.uk/news-releases/hydrogen-generation-market-to-reach-262-0-bn-globally-by-2031-at-6-8-cagr-allied-market-research-301650749.html

𝟐. 𝐁𝐥𝐮𝐞 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2022/09/07/2511107/0/en/Global-Blue-Hydrogen-Market-Is-Expected-to-Reach-3-5-Billion-by-2031-Says-AMR.html

𝟑. 𝐆𝐫𝐞𝐲 𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/grey-hydrogen-market-to-reach-174-9-billion-globally-by-2032-at-2-9-cagr-allied-market-research-301838246.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.